Orient-Express Hotels Sells Windsor Court Hotel, New Orleans

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Mon Oct 5, 2009 8:04am EDT

HAMILTON, Bermuda, October 5 /PRNewswire-FirstCall/ -- Orient-Express
Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), owners or part-owners
and managers of 50 luxury hotels, restaurants, tourist trains and river
cruise properties operating in 25 countries, today confirmed that it has
concluded the sale of its New Orleans property, the Windsor Court Hotel, to
The Berger Company, Inc. for $44.25 million.
    Orient-Express Hotels' President and Chief Executive Officer, Paul White
said, "The Windsor Court Hotel is one of North America's finest properties,
but today New Orleans is dominated by corporate and conference business. The
foundation of Orient-Express Hotels' business model is delivering the highest
level of product to our core customers, who today are leisure guests. Our
focus going forward is to ensure that we maximize the value of our iconic
properties and the unrivalled guest experiences they deliver around the world.
    We think this deal, at 15 times 2007 EBITDA, and over 50 times 2008
EBITDA, following on from the recent sale of our Lisbon property in June
2009, further demonstrates the inherent values of quality lodging real estate
across the world."
    Contact:

    Martin O'Grady
    Vice President, Chief Financial Officer
    Tel: +44-20-7921-4038
    E: martin.ogrady@orient-express.com

    Pippa Isbell
    Vice President, Corporate Communications
    Tel: +44-20-7921-4065
    E: pippa.isbell@orient-express.com


SOURCE  Orient-Express Hotels Ltd

Contact: Martin O'Grady, Vice President, Chief Financial Officer, Tel:
+44-20-7921-4038, E: martin.ogrady@orient-express.com. Pippa Isbell, Vice
President, Corporate Communications, Tel: +44-20-7921-4065, E:
pippa.isbell@orient-express.com
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